Professional Financial Advisors LLC Sells 154 Shares of KKR & Co. Inc. (NYSE:KKR)

Professional Financial Advisors LLC reduced its position in KKR & Co. Inc. (NYSE:KKR) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,022 shares of the asset manager’s stock after selling 154 shares during the period. Professional Financial Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its stake in shares of KKR & Co. Inc. by 417.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,180 shares of the asset manager’s stock valued at $322,000 after buying an additional 1,759 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in KKR & Co. Inc. in the fourth quarter worth $219,000. Brookstone Capital Management bought a new stake in shares of KKR & Co. Inc. during the fourth quarter worth $335,000. Trust Co. of Toledo NA OH purchased a new stake in shares of KKR & Co. Inc. during the fourth quarter valued at $225,000. Finally, Czech National Bank grew its holdings in shares of KKR & Co. Inc. by 6.5% in the fourth quarter. Czech National Bank now owns 146,366 shares of the asset manager’s stock worth $21,649,000 after purchasing an additional 8,979 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KKR shares. Morgan Stanley upped their target price on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. HSBC started coverage on KKR & Co. Inc. in a report on Wednesday, September 18th. They set a “buy” rating and a $148.00 price objective on the stock. Barclays increased their price target on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods decreased their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday. Finally, TD Cowen raised their target price on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. currently has an average rating of “Moderate Buy” and an average price target of $159.93.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $141.37 on Tuesday. KKR & Co. Inc. has a 52-week low of $80.20 and a 52-week high of $163.68. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $125.57 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 1.22 and a beta of 1.66. The business has a 50-day simple moving average of $152.28 and a 200-day simple moving average of $133.34.

KKR & Co. Inc. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a return on equity of 5.77% and a net margin of 13.21%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.73 earnings per share. On average, equities analysts expect that KKR & Co. Inc. will post 4.16 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.70 dividend on an annualized basis and a yield of 0.50%. KKR & Co. Inc.’s dividend payout ratio is currently 21.28%.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.